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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 86.298: Duties of manager or managing member.

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Where this section sits in the code
  1. TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES
  2. CHAPTER 86 - LIMITED-LIABILITY COMPANIES
  3. OPERATION

The duties of a manager or managing member of a limited-liability company to the limited-liability company, to any series of the limited-liability company, to any member or to another person that is a party to or otherwise bound by the operating agreement are only:

1. The implied contractual covenant of good faith and fair dealing; and

2. Such other duties, including, without limitation, fiduciary duties, if any, as are expressly prescribed by the articles of organization or the operating agreement.

Collected 2026-09-03T05:51:31Z. Source file · JSON

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